BNP Paribas Financial Markets Acquires 47,557 Shares of Genuine Parts (NYSE:GPC)

BNP Paribas Financial Markets lifted its position in shares of Genuine Parts (NYSE:GPC - Free Report) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 263,201 shares of the specialty retailer's stock after purchasing an additional 47,557 shares during the period. BNP Paribas Financial Markets owned 0.19% of Genuine Parts worth $30,731,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Millstone Evans Group LLC acquired a new stake in Genuine Parts during the 4th quarter valued at $25,000. Kestra Investment Management LLC bought a new stake in shares of Genuine Parts during the 4th quarter worth about $28,000. First Command Advisory Services Inc. acquired a new position in Genuine Parts in the 4th quarter valued at about $28,000. Compass Planning Associates Inc bought a new position in Genuine Parts in the 4th quarter valued at about $29,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Genuine Parts during the fourth quarter worth approximately $32,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GPC. Truist Financial lifted their price target on Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. StockNews.com cut shares of Genuine Parts from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $114.00 price target (down from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. Loop Capital began coverage on shares of Genuine Parts in a report on Thursday, January 16th. They issued a "buy" rating and a $155.00 price objective for the company. Finally, Northcoast Research cut Genuine Parts from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $130.86.

Genuine Parts Price Performance

NYSE:GPC traded down $0.23 on Friday, hitting $117.35. The company had a trading volume of 769,734 shares, compared to its average volume of 1,253,051. The firm has a 50 day moving average of $117.95 and a two-hundred day moving average of $119.46. The stock has a market capitalization of $16.29 billion, a price-to-earnings ratio of 18.14 and a beta of 0.76. Genuine Parts has a 52 week low of $104.01 and a 52 week high of $158.65. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 EPS for the quarter, beating the consensus estimate of $1.66 by $0.09. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.83 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. On average, research analysts anticipate that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.51%. Genuine Parts's dividend payout ratio is 67.65%.

About Genuine Parts

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.